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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

345 N 6th Ave Phoenix, AZ 85003

0 Beds 0 Baths 961 sqft Built 1904
Last updated:  Jun 30, 2018

INVESTimate

$463,071

$434K - $492K

Price Est.

$1,136

$1.0K - $1.2K

Rent Est.

$490,300  ( +5.88%)   1 YR EST. FORECAST
  
  
  

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345 N 6th Ave PROPERTY INFO

FACTS
  • Built In 1904
  • Price/Sqft : $481.86
CONSTRUCTION
  • Beds : 0
  • Floor Size : 961 sqft
  • Baths : 0 Full

345 N 6th Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
KENILWORTH SCHOOL Primary Regular 637 30 4
KENILWORTH SCHOOL Middle Regular 637 30 4
CENTRAL HIGH SCHOOL High Regular 2,324 141 3

KENILWORTH SCHOOL

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 30
4
GreatSchools Rating

KENILWORTH SCHOOL

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 30
4
GreatSchools Rating

CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 2,324
  • # of teachers: 141
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Downtown Phoenix

  • 6,818

    POPULATION
  • 3,176

    HOUSEHOLDS
  • 76.3%

    WHITE COLLAR

Neighborhood : Downtown Phoenix

HOUSEHOLDS
3,176
POPULATION

6,818

87.4%Renters
12.6%Home Owners
LABOR FORCE

 

76.3%White Collar
23.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,469 per month.

MY RENT : $1,469 MEDIAN RENT : $1,315

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 92.5%
>=$1,500 7.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,469 would therefore be considered affordable for annual household incomes greater than $58,760 (12 months x 3.333 x $1,469).

Rent % Affordability
Above $500 62.8%
Above $700 53.7%
Above $1,100 39.5%
Above $1,500 28.0%
Above $1,900 20.8%
HOUSEHOLD INCOME RANGE

Approximately 900 of households in this neighborhood have a total annual income of $58,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,469 per month.

MINIMUM INCOME RANGE : $58,760

Income % Distribution
<$20K 37.2%
$20K-$35K 15.9%
$35K-$60K 19.0%
$60K-$100K 13.1%
>=$100K 14.8%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.7%
5-9 mins 16.5%
10-14 mins 17.2%
15-19 mins 13.8%
20-29 mins 16.7%
30-44 mins 20.5%
45-59 mins 1.8%
>60 mins 7.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,469 per month.

MY RENT : $1,469 MEDIAN RENT : $1,315

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 92.5%
>=$1,500 7.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,469 would therefore be considered affordable for annual household incomes greater than $58,760 (12 months x 3.333 x $1,469).

Rent % Affordability
Above $500 62.8%
Above $700 53.7%
Above $1,100 39.5%
Above $1,500 28.0%
Above $1,900 20.8%
HOUSEHOLD INCOME RANGE

Approximately 900 of households in this neighborhood have a total annual income of $58,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,469 per month.

MINIMUM INCOME RANGE : $58,760

Income % Distribution
<$20K 37.2%
$20K-$35K 15.9%
$35K-$60K 19.0%
$60K-$100K 13.1%
>=$100K 14.8%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.7%
5-9 mins 16.5%
10-14 mins 17.2%
15-19 mins 13.8%
20-29 mins 16.7%
30-44 mins 20.5%
45-59 mins 1.8%
>60 mins 7.7%

Downtown Phoenix Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.5%
Educational Services 10.9%
Health Care & Social Assistance 14.8%
Professional & Scientific Tech Services 12.9%
Public Administration 7.7%
Retail & Wholesale Trader 7.3%
Other 33.0%
AGE DISTRIBUTION

71% of the population is between the ages of 25 and 64, 21% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 4.1%
15-19 5.4%
20-24 11.4%
25-44 43.5%
45-65 27.2%
66+ 8.3%
OCCUPATION

Occupation % Distribution
Adesm 5.3%
Computer Engineering 4.8%
Healthcare 11.1%
Management, Business, & Financial 24.2%
Production & Transportation 5.9%
Sales & Office 26.3%
Other 22.5%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.4%
High School 21.2%
Masters Degree 7.7%
Some College 25.4%
Some High School 16.0%
Other 24.2%

345 N 6th Ave Comps

Sorry, we do not have sufficient data available.

345 N 6th Ave, Phoenix, AZ 85003 is a single family home of 961 sqft. HomeUnion INVESTimateĀ® for 345 N 6th Ave includes a Price Estimate of $463,071 and a Rent Estimate of $1,136. This single family home has 0 bedrooms,0 bathrooms, and was built in 1904. This property has an estimated 15 year annualized Yield of 2.94% and Total Return of 11.74%. The estimated 1 year forecast in home value for 345 N 6th Ave is 5.88%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AZ , MARICOPA County , or the 85003 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2